Retirement plan

PLATINUM EQUITY 401(K) PLAN

Name: PLATINUM EQUITY, LLC - PLATINUM EQUITY 401(K) PLAN (2022) Form 5500
Creator: PLATINUM EQUITY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLATINUM EQUITY 401(K) PLAN, PLATINUM EQUITY, LLC

PLATINUM EQUITY, LLCEIN 95-4666134Plan #001PY 2022

360 N. CRESCENT DR., SOUTH BUILDING - BEVERLY HILLS, CA 90210310-712-1850platinumequity.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$230.5M

+1.6% from 2016

Total participants

1,475

+2.2% from 2016

Average account balance

$167,528

-0.6% from 2016

Annual return

-19.47%

-5.75 pp from 2016

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$313.10M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$242K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,295

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.66%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$67

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RPA FINANCIAL, LLC2 years Service code 26 · EIN 83-1143379	Advisory (Participants)	$40,000
PLANTE & MORAN, PLLC2 years Service code 10 · EIN 38-1357951	Accounting	$22,575
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,746
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$94,120

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

-$26K

$-61 / participant

Investment mgmt$6K0.0%

% of EOY assets

-0.011%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,528

$74,188+125.8%

$115,756+44.7%

$64,829+158.4%

Participation rate

76.4%

76.2%+0.2pp

77.1%-0.7pp

71.5%+4.9pp

Annual return

-19.47%

-11.81%-7.7pp

143.14%-162.6pp

32.85%-52.3pp

Employer contribution / active EE

$3,993

$3,365+18.7%

$3,793+5.3%

$2,507+59.3%

Participant deferral / active EE

$12,640

$5,294+138.8%

$6,254+102.1%

$4,312+193.2%

Admin fee / account holder

-$19

$148-112.6%

$8,124-100.2%

$188-110.0%

Provider

Service type

Compensation

RPA FINANCIAL, LLC2 years

Service code 26 · EIN 83-1143379

Advisory (Participants)

$40,000

PLANTE & MORAN, PLLC2 years

Service code 10 · EIN 38-1357951

Accounting

$22,575

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,746

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$94,120

PLATINUM EQUITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLATINUM EQUITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion